The UK’s FCA has finally announced its much anticipated proposals to compensate millions of motor finance customers who were sold unfair loans by their brokers and lenders between 2017 and 2024. The redress scheme is expected to start next year.
The regulator says around 14 million customers could receive a compensation payment
Motor
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
